🎯 $Snowflake (SNOW) Options Strategy: Bull Call Spread
- Underlying: SNOW
- View: Cautiously optimistic for a short-term bounce towards the $245 resistance level, but with weak near-term momentum (bearish MACD crossover). The goal is to capture upside with defined risk and reduced cost.
- Strategy Type: Debit Spread / Directional Bullish
- Option Contract Portfolio:
- Buy 1 SNOW 2026-07-02 $230 Call @ $8.70 (Mid Price)
- Sell 1 SNOW 2026-07-02 $245 Call @ $3.35 (Mid Price)
- Max Gain & Loss: Max Gain = ($245 - $230) - Net Debit = $15 - $5.35 = $9.65 per spread. Max Loss = Net Debit = $5.35 per spread.
- Initial Cost/Credit: Net Debit = $5.35.
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